Feed aggregator

UN-backed research to calculate emissions reductions from cookstove carbon projects has been put out for consultation as part of global efforts to address over-crediting concerns, though the work seems to have angered some government authorities and experts.

Inadequate or failed implementation of climate policies is the US’ greatest risk to meeting emissions reductions goals, a consortium of scientists, engineers, and health care professionals said in a report published Tuesday, with nearly 80 recommendations targeting private and public sector engagement.

A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

A Chicago-based proprietary trading company has poached a North American environmental products portfolio manager from a long tenure at a New York-based electricity generation development and investment firm, Carbon Pulse has learned.

The UN Development Programme (UNDP) will support investors interested in developing or buying “turtle certificates” to support conservation in Central Africa, an executive has said.

Analysts have heavily cut their average price forecasts for UK carbon allowances out to 2030, citing bearish fundamental pressure from the demand side, as well as weak policy ambition from market reform efforts that will boost supply over the next few years.

The Swedish climate activist Greta Thunberg was arrested in London after joining hundreds of protesters who gathered at a five-star hotel to denounce a meeting described as 'the Oscars of oil'. The demonstration, organised by Fossil Free London, blocked the entrance to the InterContinental Park Lane, the venue for the Energy Intelligence Forum, which brings together fossil fuel executives and government ministers. The Metropolitan police say five people were arrested

• Greta Thunberg arrested at London oil summit protest

• UK politics live – latest updates

• Europe live – latest updates

• Business live – latest updates

Continue reading...

Andrew Mitchell, the development minister, said ‘clarifications’ would more accurately reflect spending

The UK is making a series of changes to definitions as a way to meet its target to spend £11.6bn over five years in the developing world to help combat the climate crisis, Andrew Mitchell, the development minister, has said.

Rich countries have long promised to provide finance – in the form of loans or cash – to help poor countries cut greenhouse gas emissions and cope with the impacts of the climate crisis. However, leaks in the summer showed UK ministers were warned they were massively off track to meet their targets and could only do so by raiding the aid budget.

Continue reading...

A Vancouver-headquartered carbon removal solutions provider and UK-based CO2 management technology firm announced Tuesday a partnership to eventually deploy large-scale carbon capture, utilisation, and storage (CCUS) projects globally.

India’s carbon market will likely cover just 15% of the nation’s greenhouse gas emissions by 2030, according to media reports.

Climate activist taken away by Met police after protesters denounce meeting of fossil fuel executives and ministers

Greta Thunberg was arrested after joining hundreds of protesters who gathered at a five-star hotel in London on Tuesday morning to denounce a meeting branded “the Oscars of oil”.

Footage showed the Swedish climate activist being bundled into the back of a van by police after taking part in protests blocking the entrances of the InterContinental Park Lane, the venue for the Energy Intelligence Forum (EIF), which brings together fossil fuel executives and government ministers.

Continue reading...

Oman plans to plant 100 million mangrove trees in order to generate $160 million in carbon credits, as the government increasingly recognises the economic benefits posed by environmental restoration and seeks to position itself as a global leader on international emissions trade.

Only four major economies are on track to meet what would have been their Paris Agreement goals under "fair share" criteria laid out by an international group, a report said this week.

European carbon declined for a second day on Tuesday amid further losses across the energy complex, with EUAs falling to their lowest in more than a week amid sustained selling pressure.

Environmental organisation IUCN has called for an increase in financing to stem species loss alongside releasing an action plan to address species decline, but provided little detail on the mechanisms needed to do so.

Zambia has established the eligibility criteria and the approval process for carbon projects under a strengthened guidelines for Article 6, providing a roadmap for the country's participation in international carbon markets that aims to give investors more clarity for development in the country.

A local joint venture between Italy’s Eni and BP based in Angola are trialling a new form of carbon capture and storage aboard their oil vessel.

South Korea is seeking to expand the number of market makers in its emissions trading scheme (ETS) in a bid to boost trading activity as the domestic carbon market has been stagnant due to lasting oversupply issues.

Australia could be a global giant in green steel manufacturing as it is now a behemoth in iron ore production, provided the government incentivises investment and business commits to a great focus on emissions, according to a paper released Tuesday.

Fridlock: IEA says 1,500 GW of new renewable energy projects are queued up waiting for a connection to the grid.

The post IEA says massive grid expansion needed to avoid gridlock in switch to green energy appeared first on RenewEconomy.